Seven Generations Energy Ltd (VII.TO)

Support is seen near $14. On the upside he would expect the low $20s. A break below $15 would be worrisome and would be out beginning at $14.50. Yield 0%. (Analysts’ price target is $23.50)

Is in the penalty box. Has not reliably hit guidance. Until they show they can hit guidance, lack of confidence will remain. He thinks Q2 will be a slight miss. He thinks they should buy back shares.

Natural gas company and natural gas hasn’t been done well in Canada lately. Production growth has not delivered as they projected. He thinks the company is going to stabilize and turn around. (Analysts’ price target is $23.50)

It was a darling. They had some misses. They have wet gas. This is a great way to play the Montney. Longer term if you believe in energy this is a name to look at.

They missed yet again on their guidance and senior management has been departing the company. They have achieved a lot, but have consistently over-promised and under-delivered.

One of the best natural gas producers in Canada. Energy was a huge underperforming last year. The gas sector under a lot of pressure given the Government refusing to build pipelines. Might be a little expensive but coming off and maybe becoming attractive. A weak buy.

A Management team that he roots for. They are a condensate producer. Given the valuation is very difficult not like this stock at current levels. Forward thinkers in terms of diversifying. He would like to see some concrete evidence of execution before buying the name.

One of his long-term holdings. A painful holding if you look at the graph. They are siting on a massive resource. They have had some execution problems. Liquid-rich type of gas. Not delivering on their production targets. That created some concern in the marketplace. He thinks they are back on track now. It will take some quarters for the market to regain confidence on Management. It is going to be a late 2018 story.

Has a lot of admiration for the CEO, but the company walked into several sharp objects in 2017, and their credibility has been hit. It’s going to take some time to demonstrate their execution capability. For the time being, it is difficult to see the stock outperforming others. He would rather buy names that are not in the "show me" camp.

(A Top Pick Sept 13/16. Down 42.91%.) Energy has gone through a shift where the growth in production is going to make it painful for a lot of companies. He viewed this as a trade, not a long-term investment, and exited his position in Jan/17.

(A Top Pick May 31/16. Down 4%.) Feels that as people see more interruptions and lack of capacity on the lines, they’ll realize that this company committed in big chunks to very long-term commitments. Most of the selling on Canadian stocks has been from US institutions. He still likes this.

One of the best resource plays in North America. A well-run company. They’ve had some hiccups, but that is due to happen when you grow at the clip they are growing. It is everything from infrastructure to ability to grow wells, but what is not in question is the resource that is there right now.